AGNC Investment: A Coiled Spring Before Rates Come Down (Upgrade)
AGNCAGNC(AGNC) Seeking Alpha·2024-04-26 16:23

Nuthawut Somsuk AGNC Investment Corporation (NASDAQ:AGNC) is a large mortgage REIT whose profit prospects are set to improve moving forward, ever after the latest inflation numbers were revealed. With consumer prices going up 3.5% in March, following a 3.2% increase in February, the resurgence of inflation is a short-term headwind for mortgage trusts. However, AGNC Investment’s stock price has recently bounced off of the 200-day moving average line, which makes the chart picture a lot more bullish in the sh ...